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165 Flagship Drive in North Andover for sells for $4,650,000 

R.W. Holmes recently brokered the sale of a 35,000-square-foot industrial/light manufacturing building in North Andover, MA.

Located off Route 114 In North Andover, 165 Flagship was built in 1992 by United Plastics Fabricating for its manufacturing operations. The buyer of the building is Legends Gymnastics, a local gymnastics academy with deep roots in the North Andover community.

R. W. Holmes, President Garry Holmes, Vice President Mike Ogasapian, and Senior Vice President David Gilkie represented the seller and procured the buyer.

“We could not be more thrilled for Legends,” said Mr. Ogasapian. “We had been searching the Merrimack Valley for a building to purchase for over a year. Legends is an organization with generational ties to North Andover and 165 Flagship will be an excellent location for many years for them.”

Noteworthy Transactions

Albemarle Gardens, a 112-unit multifamily community in Newton, MA, sold for $29,550,000

Mattress Firm expands in Massachusetts with a 142,000 SF lease in Franklin

Boston Dynamics and SnapDragon Chemistry take 75,000 SF of lab/R&D space in Waltham Research Park 214,356 square feet making Waltham Research Park 100% leased

R.W. Holmes represents MathWorks in the $16.7M, 107,000 SF acquisition of Cochituate Place, Natick

R.W. Holmes takes 55% leased 130,000 SF Class A Office building to 95% leased at 55 Old Bedford Rd in Lincoln for owner Real Capital Solutions, Denver

R.W. Holmes fully leases a 67,000-square-foot new spec industrial building at 50 Ryan Drive, Raynham, before completion

R.W. Holmes represents The MathWorks in Los Angeles, Maryland, and Michigan expansions

Sold 2 & 3 Apple Hill, Natick for Met Life $50,000,000

R.W. Holmes Realty represents Coca-Cola in securing a new 90,000 SF building in Westborough

Sold 403 acres of land for Alstores Realty Corporation to Paramount Development (subsidiary Perini Corp.) which was developed as the Raynham Woods Commerce Center